Mortgage REITs See Explosive Growth

Mortgage REITs See Explosive Growth
Mortgage REITs, which use borrowed money, or leverage, to invest in real-estate-backed debt, have been selling shares to the public at a rapid clip over the past three years. After averaging annual equity issuance of $ 4.9 billion from 2005 to 2010 …
Read more on Wall Street Journal

Sound Community Bank goes jumbo to overcome low mortgage rates
Sound Community Bank has opened its first home loan processing office to attract more short-term jumbo loans as a shield against low rates on 30-year fixed-rate loans. The new loan-processing office is in Seattle's Madison Park neighborhood, on the …
Read more on Puget Sound Business Journal (Seattle) (blog)

Just Approved: Seller credit helps family save on mortgage
Since the buyer had good credit, Banducci showed the buyer a program that would allow a 5 percent down payment with no monthly mortgage insurance and an initial one-time mortgage insurance premium much lower than the 1.75 percent funding fee …
Read more on San Francisco Chronicle

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